DualEx Energy Announces Appointment of New Director
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
CALGARY, May 1, 2012 /CNW/ - DualEx Energy International Inc. ("DualEx") (TSX-V: "DXE") today announced the appointment of Mr. Bradley Porter to its Board of Directors, effective immediately.
"Brad brings a substantial set of skills and experience to our board, has a proven track record of developing junior oil and gas companies, and further increases the board's independence," said DualEx President & CEO Garry Hides.
Mr. Porter has more than 25 years of diverse oil and gas experience and has been a founder, director and senior executive of several Calgary based private and public oil and gas companies, including DeeThree Exploration Ltd., Dual Exploration Inc. and Devlan Exploration Inc.
In conjunction with this appointment, and subject to regulatory approval, 150,000 options to acquire common shares of DualEx were granted to Mr. Porter. The options have an exercise price of $0.20 per share, expire on May 1, 2017 and vest on a one-third (1/3) basis on each of the first, second and third anniversaries of the date of grant.
DualEx Energy International Inc. is an oil and gas exploration and production company with operations in Hungary and Tunisia. DualEx's common shares trade on the TSX Venture Exchange under the symbol "DXE".
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Garry Hides, President & CEO
DualEx Energy International Inc.
200, 521 - 3rd Avenue SW
Calgary, Alberta, Canada T2P 3T3
Tel: (403) 265-8011 ext. 223
www.dualexen.com
Jeremy Dietz
Investor Relations, The Equicom Group
300 - 5th Avenue SW, 10th Floor
Calgary, Alberta, Canada T2P 3C4
Tel: (403) 218-2833
jdietz@equicomgroup.com
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